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20121128
20121206
SHOW
STATION
FBC 2
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
that in stockton and san bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayor . they will not support it it was a nonstarter and never going to work in the stave . you have a better chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future and new hires and for their plans. you don't have ill defined benefits and by the way the private sector doesn't get. there is a pension liability in the state of the california. vicki is right. government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget 26 percent of la's budget is consumed by the budget cuts and what
Search Results 0 to 2 of about 3 (some duplicates have been removed)